SOUND FINANCIAL, INC. (a federal stock corporation) 1,467,400 Shares (subject to increase to 1,687,510 shares) COMMON SHARES ($0.01 Par Value) Subscription Price $10.00 Per Share AGENCY AGREEMENT November __, 2007Sound Financial, Inc. • November 2nd, 2007 • Savings institution, federally chartered • New York
Sound Community MHC, a federal mutual holding company in formation (the "MHC"), Sound Financial, Inc., a federal corporation in formation (the "Company"), and Sound Community Bank, a federally chartered savings bank located in Seattle, Washington (the "Bank") (references to the "Bank" include the Bank in the mutual or stock form, as indicated by the context), with its deposit accounts insured by the Deposit Insurance Fund ("DIF") administered by the Federal Deposit Insurance Corporation ("FDIC"), hereby confirm their agreement with Keefe, Bruyette & Woods, Inc. (the "Agent") as follows:
